18Jun16

Chairman of Russia's gas giant Gazprom Alexey Miller and Austrian Finance
Minister Hans Joerg Schelling have discussed the state of the European gas
market within a working meeting at the St. Petersburg International Economic
Forum (SPIEF-2016), the company reported Saturday. The demand for imported
gas is likely to persist amid the current decline of production, Gazprom said.

"In this respect the participants of the meeting notes the importance of the
creation of new direct gas transmission routes from Russia to Europe.
Particularly, the meeting focused on implementation of the Nord Stream 2
project. It was stressed out that the gas pipeline will strengthen Baumgarten's
positions as the key European gas distribution center," the report said.

Russian gas supplies to Austria have grown by 19% since the start of this year till
June 15, 2016 - from 1.6 to 1.9 bln cubic meters - compared with the same
period last year.

[Source: Itar Tass, St. Petersburg, 18Jun16]

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